Building a leading gold company

Board of Directors

Lukas Lundin

Lukas Lundin

Born in 1958, Lukas Lundin graduated from the New Mexico Institute of Mining and Technology (engineering) in 1981. In 1982, Mr. Lundin headed International Petroleum Corporation’s oil and gas operations and was based in Dubai, U.A.E. for 12 years. From 1990 to 1995, he was President of International Musto Exploration Limited and was responsible for Musto’s acquisition of the Bajo de la Alumbrera deposit. His uninhibited pursuit of highly prospective properties around the world has resulted in numerous resource discoveries, including the multi million-ounce Veladero gold discovery. Mr. Lundin has also led several companies through highly profitable business acquisitions and mergers such as Lundin Mining Corporation's $3.3 billion merger with EuroZinc Mining, the $2 billion sale of Tanganyika Oil Company Ltd. and most recently the $9.2 billion sale of Red Back Mining Inc. He currently sits on the Board of several publicly traded companies. Mr. Lundin is Chairman of Lundin Gold, a position he has held since 2014.

Ron F. Hochstein

Ron F. Hochstein

Mr. Hochstein, P.Eng., has a wealth of experience in the mining industry. Mr. Hochstein has worked for the Lundin family directly and as a consultant for over twenty years. Prior to becoming President and CEO of Lundin Gold, Mr. Hochstein served as President and CEO of Denison Mines Corp. (TSX, NYSE MKT) for seven years, having joined a predecessor company to Denison in 1999. Earlier in his career, Mr. Hochstein was a Project Manager with Simons Mining Group and worked at Noranda Minerals as a metallurgical engineer. Mr. Hochstein has a B.Sc. in metallurgical engineering and an MBA. Mr. Hochstein became President and Chief Executive Officer in 2014 and was instrumental in the acquisition of Fruta del Norte.

Carmel Daniele

Carmel Daniele

Ms. Daniele is the founder and Chief Investment Officer of CD Capital UK Ltd., the fund manager of a number of private equity and mining funds, since 2006. Ms. Daniele has over 25 years of natural resources investment experience, 10 years of which were spent with Newmont Mining/Normandy Mining where she acquired various companies including LaSource SAS (a joint venture between BRGM and Normandy Mining). As Senior Executive (Corporate Advisory) at Newmont Ms. Daniele structured cross-border mergers and acquisitions including the US$24 billion three-way merger between Franco-Nevada, Newmont and Normandy Mining to create the largest gold company in the world. Post-merger, Ms. Daniele structured the divestment of various non-core mining assets around the world for the merchant banking arm of Newmont. Ms. Daniele started off her career at Deloitte Touche Tohmatsu where she spent 8 years in various corporate finance roles including international taxation, audit, accounting & reconstructions. Prior to the founding of CD Capital UK Ltd., Ms. Daniele spent a year and a half as an investment advisor to a London based Special Situations Fund on sourcing and negotiating natural resource private equity investments. Ms. Daniele holds a Master of Laws (Corporate & Commercial) and Bachelor of Economics from the University of Adelaide and she is a Fellow of the Institute of Chartered Accountants.

Ian Gibbs

Ian Gibbs

Mr. Gibbs is a Canadian Chartered Accountant and a graduate of the University of Calgary where he obtained a bachelor of commerce degree. He has held a variety of prominent positions within the Lundin Group of companies and he currently serves as CFO of Africa Oil Corp., a TSX and Nasdaq Stockholm listed Canadian oil and gas company with assets in Kenya and Ethiopia. Previously, Mr. Gibbs was CFO of Tanganyika Oil where he played a pivotal role in the recent $2 billion acquisition by Sinopec International Petroleum. Prior to Tanganyika Oil, Mr. Gibbs was CFO of Valkyries Petroleum, which was the subject of a $750 million takeover. Mr. Gibbs has been a director of Lundin Gold Inc. since 2005.

Chantal Gosselin

Chantal Gosselin

Ms. Gosselin brings over 25 years of combined experience in the mining industry and capital markets. Her exposure to the financial markets is extensive; she recently held positions as Vice President and Portfolio Manager at Goodman Investment Counsel and Senior Mining Analyst at Sun Valley Gold LLP, along with various analyst positions earlier in her career. Ms. Gosselin has also held various mine-site management positions in Canada, Peru and Nicaragua, giving her firsthand experience in underground mine development and production, which will bring valuable knowledge and insight to the Company’s Board of Directors. Ms. Gosselin has a Masters of Business Administration from Concordia University and a Bachelor of Science (Mining Engineering) from Laval University and has completed the Institute of Corporate Director program. She currently serves on the boards of a variety of TSX-listed companies in the natural resource sectors.

Ashley Heppenstall

Ashley Heppenstall

Mr. Heppenstall is the Lead Director of the Board of Directors of Lundin Gold Inc., a position he has held since 2015. He previously served as the President, Chief Executive Officer and Finance Director of Lundin Petroleum AB, an oil and gas exploration and production company with core assets in Norway and South East Asia, from 2002-2015. Early in his career, Mr. Heppenstall worked in the banking sector where he was involved in project financing of oil and resource sector businesses. In 1990, Mr. Heppenstall was a founding director and shareholder of Sceptre Management Limited. Since 1993, Mr. Heppenstall has worked with public companies associated with the Lundin group of companies. In 1998 he was appointed Finance Director of Lundin Oil AB. Following the acquisition of Lundin Oil by Talisman Energy in 2001, Lundin Petroleum was formed and Mr. Heppenstall was appointed President and Chief Executive Officer in 2002 until his retirement in 2015. Mr. Heppenstall obtained a degree in Mathematics from Durham University. He is also a director of Africa Energy Corp., Etrion Corp. and ShaMaran Petroleum Corp.

Craig Jones

Craig Jones

Mr. Jones currently serves as the Executive General Manager of the Wafi-Golpu project with Newcrest Mining Limited. Wafi-Golpu is an advanced exploration project located in the Morobe Province of Papua New Guinea in which Newcrest is a 50% joint venture partner with Harmony Gold. Since joining Newcrest in December 2008, Mr. Jones has held various senior management and executive roles, including General Manager Projects, General Manager Cadia Valley Operations, Executive General Manager Projects and Asset Management, Executive General Manager Australian and Indonesian Operations, Executive General Manager Australian Operations and Projects and Executive General Manager Cadia and Morobe Mining Joint Venture. Prior to joining Newcrest, Mr. Jones worked for Rio Tinto. Mr. Jones holds a Bachelor of Mechanical Engineering from the University of Newcastle, Australia.

Paul McRae

Paul McRae

Mr. McRae has a distinguished global reputation in project and construction management in the mining industry for both surface and underground projects of all scales and complexities. He was most recently responsible for the successful development of Lundin Mining Corporation's Eagle Mine in Northern Michigan. His career spans more than 40 years and includes a track record on time and on budget project management of major underground investments for INCO including McCreedy East, Garson and Birch Tree projects; serving as Project Manager on the highly successful De Beers Victor Project in Northern Canada; and leadership of numerous other projects from conceptual through construction phases in Australia, Canada, Spain, Portugal and South America. Mr. McRae served as a Project Manager at Amec Corp., a British multinational consultancy, engineering and project management company from 2009-2011. He is currently the Senior Vice-President of Lundin Mining Corporation, a diversified base metals mining company, a position he has held since 2012.

Michael Nossal

Michael Nossal

Mr. Nossal has been the Chief Development Officer of Newcrest Mining Limited. since July 2015. Prior to joining Newcrest, Mr. Nossal served as Executive General Manager, Business Development at MMG Limited and served as non-executive director of Nord Gold NV from October 2010 until May 2015. He served as the Chief Financial Officer at En+ Group Ltd. until January 2010. He has over 30 years of resource industry experience in Australia and internationally and has worked extensively in the gold sector and base metals with Macquarie Bank, WMC Resources, Normandy Mining and Kenmare Resources. Mr. Nossal holds a Bachelor of Science from Monash University (Australia) and an MBA from The Wharton School (University of Pennsylvania). Mr. Nossal has obtained a Diploma in Company Direction from the Institute of Directors in London, U.K.

Istvan Zollei

Istvan Zollei

Mr. Zollei is a Portfolio Manager at Orion Mine Finance, a mining-focused investment business providing flexible capital investment solutions to mining companies in the base and precious metals sector. Prior to Orion, Mr. Zollei was an investment manager for the Red Kite Group’s Mine Finance business. Previously, he worked at Barclays Capital’s natural resources private equity investment group, as vice president responsible for executing and managing growth equity investments in the mining, oil/gas, and power sectors. He spent a year working as VP of Finance and Commercial Operations at one of the portfolio companies. Mr. Zollei started his career at Lehman Brothers’ investment banking division. He earned his BA from Harvard College in Economics and his MBA from the Wharton School (University of Pennsylvania) in Finance and Management.

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TSX: LUG $ 4.95
OMX: LUG kr 33.55
Gold: $ 1238.25